Vista Causes a perpetual inventory system and the FIFO cost formula for valuing inventory. The company is now in the process of comparing the cost of its inventory with its het realizable value. The following data are available at Carla Vista Co.'s year end, December 31 Net Realizable Value per Unit Units Unit Cost Clothing 96 $8 $5 Jewellery 20 26 Greeting cards 1 3 56 12 38 Determine the lower of cost and net realizable value of the ending inventory assuming Carla VistaCo applies LCNRV or individualitems. Lower of cost and net realizable value 5 Prepare the journal entry required, if any, to record the adjustment from cost to net realizable value. (Credit account titles are automatically indented when the mouth entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit To write down inventory to lower net realizable value